facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Other

/

Sale

/

11-19 Foam Pl, Queens, NY 1...

Mark Caller Acquires Vacant Lot In Queens For $2.1M
SOLDOther

Mark Caller Acquires Vacant Lot In Queens For $2.1M

11-19 Foam Pl, Queens, NY 11691, USA

$2,075,000

$203/SF

Building Size

10,176 SF

Asset Type

Other

Closing

Feb 4, 2018

AI

A vacant lot located at 11-19 Foam Place in New York City's Queens neighborhood has been sold in a closed transaction. The lot, measuring 74.2 feet by 143.7 feet, was sold for a price of $2,075,000. The property is zoned as C4-2 and has a commercial buildable square footage (BSF) of 34,598, residential BSF of 24,727, and commercial facility BSF of 48,884.

Summary of transaction details

  • Property Type: Vacant Lot
  • Transaction Amount: $2,075,000
  • Dimensions: 74.2 x 143.7
  • Zoning: C4-2
  • Commercial BSF: 34,598
  • Residential BSF: 24,727
  • Commercial Facility BSF: 48,884

The seller of the property was Gursharan Singh, while the buyer was Mark Caller. The broker representing the deal was Ben Thypin & Stephen Smith from Quantierra_ D Lot.

Players

Ben Carlos Thypin

Quantierra

Broker

$199.2M

vol

12 deals

Broker

Mark Caller

Marcal Group

Buyer

$87.5M

vol

4 deals

Buyer

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.64%

Cash-on-Cash

-2.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93